The amount of a certain sum at compound interest for 2 yr at 5% is Rs 4410. The sum is
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Given,
A=4410
R=5%
T=2years
P=? (to be calculated)
A=P*(1+R/100)t
4410=P(1+5/100)(1+5/100)
4410=P*105/100*105/100
4410*100*100/105*105=P
44100000/11025=P
P=4000
Therefore,sum is 4000
A=4410
R=5%
T=2years
P=? (to be calculated)
A=P*(1+R/100)t
4410=P(1+5/100)(1+5/100)
4410=P*105/100*105/100
4410*100*100/105*105=P
44100000/11025=P
P=4000
Therefore,sum is 4000
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